Category: Mutual Funds

Redemption of an unlisted NCD does not qualify as a capital gain

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The Income-tax Appellate Tribunal recently ruled that the difference between the proceeds received upon redemption of unlisted non-convertible debentures (NCDs) and their purchase cost should be classified as ‘interest income‘ and subjected to taxation under the category of ‘income from other sources‘ for the investor. Consequently, the ITAT (Mumbai bench) also disallowed tax benefits available…

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Capital Gain, Income Tax, Income tax Act 1961, Income Tax Deduction, income tax return filing, Long Term Capital Gain, Marketing, Media, Mutual Funds

Answers to all your inquiries about the new income tax regime system

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In Budget 2023, a new personal income tax regime system for individual taxpayers was unveiled. Taxpayers will be able to select between the current/old tax regime and the new tax regime starting in FY 2020–21. By choosing the previous tax system, the taxpayer can continue to take use of current tax benefits such house rent…

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Income Tax, Aatma Nirbhar Bharat, Budget 2023, Business Income, Capital Gain, Central Government, Crypto Currency, Digital Payments, Direct Tax, Employee Pension Scheme, EPFO, File Your Income Tax Return, Indirect Tax, Interest rates, Investment, investment in bonds, Long Term Capital Gain, Marketing, Media, Mutual Funds, New Tax Regime, Old Tax Regime, PAN Card, POST OFFICE, Salary Income, Section 44AD, Section 44ADA, Small Savings, Sovereign Gold bond scheme, Tax Regime, Tax Saving Scheme, Tax Slabs

Best tax Saving Investment scheme ELSSs, how to invest in ELSSs?

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Tax saving mutual funds or Equity linked Saving Schemes (ELSS) help you to save income tax under section 80C of the Income Tax Acts. You can invest a maximum of Rs 1.5 Lakh in ELSSs and claim tax deductions on your investments every financial year. Are you Interested? Before procedding further, you should first familiarise…

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ELSSs, File Your Income Tax Return, Income Tax, Marketing, Media, Mutual Funds, PPF, Small Savings, Tax Saving Scheme

HOW INDIA EARNS

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With the implementation of GST, 2017 saw a complete change in the way we used to pay our taxes. Scroll down for more details on how the government of India gets it money and pick the trend you want to see: personal income tax, corporate taxes, service tax, excise or customs duties. SOURCES OF REVENUE…

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CBIC, Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Income Tax, Marketing, MCA, Media, MSME, Mutual Funds, NBFC, NGO in India

Now only One day left! File your own Income Tax Return in a few minutes

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The Income Tax Department had extended the date of filing of income tax returns for Assessment Year 2020-21 (FY 2019-20) to 10 January due to Corona crisis. According to the Income Tax Department, till January 6, around 5.61 crore people have filed ITR. Do this preparation first First of all, to file ITR, keep your…

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Income Tax, Marketing, Media, Mutual Funds

How to invest in mutual funds in the new year, know these five important changes

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With the opening of the new year (January 1, 2021) there have been many changes. One of these changes is about MF Investments. If you also invest in mutual funds, then it is important to know those five major changes that have come into effect from today. Market regulator SEBI (SEBI) has made some new…

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Marketing, Media, Mutual Funds

Who will be the first millionaire? Mutual Funds or PPF, see and understand!

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Savings are a good habit, but can only your savings fulfill your future needs, then the answer is yes, if saving in a smart way, you can fulfill your life goals. Can. Like suppose you want to become a millionaire. For this, which investment option will you have to choose to become a millionaire as…

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CBIC, Income Tax, Marketing, Media, Mutual Funds, PPF